SM Auto Stamping was incorporated on August 14, 2006. The company is one of the auto-component manufacturers located in Nashik catering to the sheet metal components and sub-assemblies requirements of automobile parts/equipment manufacturers. The range of products primarily covers sheet metal pressed components for clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings, etc. which are used in passenger cars, commercial vehicles, and tractors.
| Bidding Dates |
|---|
| 03 Mar 2020 - 05 Mar 2020 |
| Subscription |
|---|
| 1.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 8000 | 3.8 M | ₹18 | 73.12 % | ₹69.1 M | RHP DOC |
SM Auto Stamping IPO SUBSCRIPTION STATUS
05 Mar '20SM Auto Stamping IPO overall subscription rate was 1.34 times the total available shares
SM Auto Stamping IPO retail subscription rate was 0.47 times in the retail segment
SM Auto Stamping IPO non-institutional investor subscription rate was 2.21 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Mar 2020 (Day 2) | 0.15x | 1.82x | - |
05 Mar 2020 (Day 3) | 0.47x | 2.21x | - |
03 Mar 2020 (Day 1) | 0.1x | 0.01x | - |
SM Auto Stamping FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY20 | 0.5 | 315.4 | 0.9 | -12.5 |
| FY19 | 26.5 | 753.1 | 22.5 | 4.0 |
| FY18 | 8.4 | 633.5 | 58.9 | 58.1 |
| FY17 | -17.3 | 508.3 | 49.2 | 38.4 |
SM Auto Stamping IPO SUBSCRIPTION STATUS DETAILS
SM Auto Stamping had 3.8 M shares on offer
SM Auto Stamping IPO offer price was ₹18
SM Auto Stamping IPO minimum Investment was ₹144000
SM Auto Stamping IPO issue size was ₹ 69.1 M
SM Auto Stamping had a minimum lot size of 8000 Shares per application
SM Auto Stamping NUMBER OF SHARES ON OFFER
SM Auto Stamping IPO IMPORTANT DATES
| Issue Open Date | 03 Mar 2020 |
| Issue close Date | 05 Mar 2020 |
| Allotment Date | 11 Mar 2020 |
| Refund Date | 12 Mar 2020 |
| Demat Account Credit Date | 13 Mar 2020 |
| Listing Date | 16 Mar 2020 |
| Listing on Exchange(s) | BSE |
| SM Auto Stamping Allotment Status | Exchange |
SM Auto Stamping IPO subscription opened on 03 Mar 2020, and closed on 05 Mar 2020
IPO allotment for SM Auto Stamping was finalized on Wednesday, 11 Mar 2020
IPO listing for SM Auto Stamping was on BSE on Monday, 16 Mar 2020
SM Auto Stamping IPO LISTING GAINS
| Issue Price (adjusted) | 18.0 |
| Listing Open Price | 18.0 |
| Listing Close Price | 18.0 |
| Listing Gain% | 0.0% |
| Current Gain% | 16.8% |
SM Auto Stamping Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SM Auto Stamping Ltd. | 21 | 30 | 8.6 | 0.7 | 0.4 | 13 | 7.9 | 73.1 | 7.1 | 3.4 | 7.5 | 2.4 | 12.2 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
SM Auto Stamping INFORMATION ON IPO ISSUE
About SM Auto Stamping
SM Auto Stamping was incorporated on August 14, 2006. The company is one of the auto-component manufacturers located in Nashik catering to the sheet metal components and sub-assemblies requirements of automobile parts/equipment manufacturers. The range of products primarily covers sheet metal pressed components for clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings, etc. which are used in passenger cars, commercial vehicles, and tractors.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet issue expenses
SM Auto Stamping - PROMOTERS
| Name |
|---|
| Mukund Narayan Kulkarni |
| Suresh Gunwant Fegde |
| Alka Mukund Kulkarni |
SM Auto Stamping Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
SM Auto Stamping Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
SM Auto Stamping Strengths
In-house die making facilities and machining centre
The company has its own in-house die-making facilities and machining center which enables it to maintain high-quality production standards and also helps it in minimizing production time and bringing cost-effectiveness
Wide product range
The range of products primarily covers sheet metal pressed components for clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings, etc. which are used in passenger cars, commercial vehicles, and tractors
Vast experience of promoters
Suresh Gunwant Fedge and Mukund Narayan Kulkarni possess more than 20 years of experience in the field, which enables the company to deliver quality products to customers and helps it to gain expertise in the production
SM Auto Stamping Risks
Licenses, registrations and approvals
The company is yet to apply for certain regulatory licenses, registrations, and approvals in respect of business operations
Dependent on the automobile sector
The company is heavily dependent on the performance of the automobile sector particularly, passenger vehicles, commercial vehicles, and tractors market in India
IPO FAQs
The promoters of the company are Mukund Narayan Kulkarni, Suresh Gunwant Fegde and Alka Mukund Kulkarni.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 18.0 - 18.0.
The IPO application opens on Mar 03, 2020 and closes on Mar 05, 2020.
The minimum lot size for the IPO is 8000. The maximum lot size for the IPO is 8000.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Mar 11, 2020.
The refund will be credited to your account on Mar 12, 2020.
The allotted shares will be credited to your demat on Mar 13, 2020.
SM Auto Stamping Ltd.’s shares listed on the stock exchanges on Mar 16, 2020.